COMPETITION-

ECA catches 33 printing houses red-handed: The Egyptian Competition Authority (ECA) has spotted violations committed by 33 printing companies in a tender for printing Education Ministry books last academic year, according to an ECA press release. The violating companies were found to have coordinated between each other prior to the tender to rig the minimum price offers, which counts as wasting public funds.

MANUFACTURING-

Egyptalum has raised its prices by EGP 6k per ton at the beginning of the year, on the back of a c. USD 200 global rise in aluminum prices, Al Borsa reported. The company, which uses the London Metal Exchange as a price reference, raised its prices after aluminum spiked on the LSE — prices rose from USD 2.1k per ton in the beginning of December to USD 2.3k yesterday. The company could move forward with another price hike if the EGP falls against the greenback.

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